September 12, 2017 / 2:39 PM / in 3 months

Bombardier says 60- to 150-seater planes to drive industry growth

(Reuters) - Canadian plane and train maker Bombardier Inc BBDb.TO said on Tuesday it expects 60- to 150-seater airplanes to drive future growth in the commercial aircraft industry.

A Bombardier sign is pictured at the static display of aircraft, during the European Business Aviation Convention & Exhibition (EBACE) at Geneva Airport, Switzerland, May 22, 2017. REUTERS/Denis Balibouse

Bombardier Commercial Aircraft said it forecasted 12,550 deliveries in the category over a roughly 20-year period. It pegs the total market value at $820 billion with the smallsingle-aisle segment responsible for around 70 percent of revenue.

Small single-aisle aircraft deliveries are forecast at 6,800 units over the period, with revenue at $580 billion, the Bombardier unit said in a comprehensive forecast, adding that overall demand will be driven in part by replacing older planes and opening new global routes. (bit.ly/2eSoCsv)

Bombardier, with its C Series and CRJ Series jets, is the leader in the 60- to 150-seat aircraft category.

Bombardier also said it continued to view North America and Europe as the largest markets for new aircraft.

Shares of Montreal-based Bombardier were up 1 percent at C$2.44 on the Toronto Stock Exchange.

Reporting by Ahmed Farhatha in Bengaluru; Editing by Sai Sachin Ravikumar

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